In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring Rep. Cal Dooley (D-CA); I. M. “Mac” Destler, Author, American Trade Politics; and moderated by Daniel Griswold, Director, Center for Trade Policy Studies, Cato Institute.
During his 14 years in the House, retiring Rep. Cal Dooley (D-CA) has compiled one of the most pro-trade voting records in Congress. He played an important role in the passage of major trade initiatives, such as NAFTA; the creation of the World Trade Organization; China’s entry into the WTO; and trade promotion authority. Meanwhile, there has been a growing debate within both major parties about free trade agreements and the effect of globalization on the U.S. economy. Rep. Dooley will reflect on trade battles past and the prospects for reviving bipartisan support for trade expansion in the new Congress. This will be followed by comments from University of Maryland professor Mac Destler, one of the nation’s top trade historians.